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will want to see how tarnished is apple's shine releasing the latest quarterly earnings and most expect disappointing results. apple's high flying stock has plunged from over $700 to $390. apple has not released any new products and sales are mediocre. the good news is that expectations are so low that apple could start to surprise wall street and begin the turn around. apple now is dealing with defective iphones. two chinese newspapers report that apple returned 8 mill -- eight million iphones to china. it is not cheer clear which models are affected but apple is not experiencing iphone short averages and they could cost the company $250 million. executives have admitted that the iphone is the most difficult device they have assembled. >> netflix starts positive with shares for the company surging yesterday following the announcement they signed up two million new subscribers the first quarter closing up 11 points to $174.237 a share because of additional they say of new original programming including "house of cards" and "arrested development." the c.e.o. says that the company could o
19 points. and the s&p 500 was up seven. >>> apple returned millions of botched iphones to the manufacturer that built them. those returned phones are going to cost fox con. this isn't the first time apple has been unhappy with their work. >>> salt lake city, utah, is becoming a new hot spot for business. two major banks, san francisco- based wells fargo and new york- based goldman sachs will be holding their shareholders meeting in san francisco this week -- in salt lake city this week. they will all have shareholder meetings in salt lake. many have done so within the past two years. >>> animal control workers are warning residents in the lake tahoe area are warning visits about recent mountain lion sightings. last tuesday, a person saw a cat walking across the meadow and last thursday, a person walking his dog saw the mountain lion lying down in that same meadow. fortunately, the mountain lion did not approach either of those people. >>> at the beginning of this newscast, we talked with our chief meteorologist about temperatures hitting 90 degrees. bill, a lot of us ar
this company a lot. truth be told it's not a very big company compared to apple or google, it's really interesting and its stock is quite volatile. apple shares on a slide for a week now. investors would like a little goose, something that says, yeah, we're still the innovative company everyone loves so much. apple reports its profits tuesday. they no doubt will report they made suitcases full of cash. a small hint of something ahead. some sort of idea as to what apple might have in the pipeline could help that stock more than anything else. back to you. >> all right, scott. thank you very much. meteorologist krchristina loren has the day off. i hope she's enjoying sunshine. >> take you to san jose. the sky didn't change at all. live camera to live camera. areas south of san jose will probably climb into the low- to mid-90s by 3:00 and 4:00 this afternoon. already now near 80 degrees, fairfield, concord, livermore, pleasanton, san francisco 67, 72 in oakland. notice the immediate coastline, areas south of santa cruz later on this afternoon, watching for low clouds to creep up the coast
the last two trading days. only to rally late in the trading session close on the positive. apple will be releasing their quarterly earnings after the closing bell. >> netflix's decision to feature original programmingon o service appears to be pulling in more customers. they added 2 million users who subscribe to the video sharing service during the first three months of the year. the. was the highlighted by the early february debut of " house of cards, " a critically acclaimed series made exclusively for a netflix. the subscriber growth help them bonds back from a loss at the same time last year and generate revenue slightly above the projections. >> the nation's biggest banks are rolling out the next generation of atms. the latest models including features like video chatting and a live teller. bake of america's new teller assist machines, for example, allowed a customer to swiped a debit or credit card, driver's license or photo id for authentication. then a live teller, physically based in delaware or florida pops up on the screen to assist the user. the bank says the machine
pepsi and verizon. some of the other big companies. one stock we are keeping an eye on is apple. and i just want to pull up the very latest quote on that. apple stock is down $8.5 a share. about 2%. it's now below 400 $400 a share. $394 is where that is. apple stock down 42% from all time high of $705 last september. one money manager says apple could fall into the 300s in the coming weeks. it is now at $394 right now. we'll keep an eye on apple stock. >>> oakland is proposing a budget for the next two fiscal years that calls for spending. the budget proposal also includes two more police academies. however, the city will still need to eliminate 80 positions. the deadline for a new budget is june 30th. the public will be able to weigh in before that deadline. >> time now 7:45. firefighters are investigating an overnight fire that gutted a house in san leandro. started on deal avenue and dowling boulevard. no one was living there. neighbors made sure people living nearby got away safely. >> everybody called from one house to the next. and couple people knocked on everybody's doors. we a
are shut down. >> thank you. cupertino based apple is losing its shine. the bloomberg business report is coming up. >> if diamonds are a girl's best friend this one is a bfs. >> she is america's favorite redhead, and we will have amazing reunion s so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. and less saturated fat? it's eb. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. >> we continue to follow breaking news in san francisco, live pictures of the market-street area around 3rd and 4th with streets shut down because of a suspicious package. they have given the area an all clear and they are slowly starting to on the streets if that area. the thing is, that is where the earthquake commemoration for th
. >> this apple software can pick out specific people and large crowds. by detecting knows shapen the space between eyes. as of a person looking at all the videos, the technology could go through years of video in a matter of minutes. >> crime analyst our point to the pivotal role surveillance cameras play that identified the suspect in boston. and now, some san francisco is something about increasing the city's network of cameras. police chief greg suhr is one of them. he says it would help them better monitor events like the bay to breakers race. >> i would have to get someone a lot smarter than me an engineer if you will to look at what would be possible for us to a port everything into one location. and to be able to monitor major event. >> we live in the post see as i, mci has the television jurors want to see video and the dna. we do everything we do to get it for them. i do not think there is a person in this country did not watch the events of last week on fold and watch it on video. >> however, the aclu is word about how police might use the cameras and how long the department will
something no other state has done to address that. >>> apple stock slipped to its lowest level in more than a year. some investors looking for a way out. >>> new at 6, if cell service went down, could you contact your family? the things that need to be in your disaster plan. >>> also, a taser incident at this school shocked parents. why it's the second time police have been called here this week. >>> and a bay area rapper killed. >> sceunt believe that someone would do that. >>> the emotional reaction to the accused killer's first appearance in court, tonight on ktvu channel 2 news at 6. >>> apple stock hit its lowest level in 18 months, after its chip provider indicated it might be slow in providing the chips. at the end of the trading day, the stock pounced back slightly to close at $402.80 a share, still a drop of more than $23 a share and a loss of about 5.5%. >>> also on wall street today, a weak earnings report sent stocks lower. the nasdaq dropped 59. the s&p 500 was down 22. >>> shoppers may soon have one fewer place to buy groceries. fresh and easy is closing all its stores in the
in september through december. a verizon spokesperson said people may be waiting to see if apple will release a new version. new products are released in late summer or early fall. >>> on wall street today, the 3 3rd down day for stocks this week. the dow is down 81 to 14,537. the nasdaq is down 38 at 3,166. the s&p is down 10 to 1,541. >>> the earth moves and it is caught on tape. look at these pictures and watch that white car. there it goes and that sink hole isn't done, what happened to a person who got caught in it. and a spot famous for books, now on tv, how you can have your say on what you get to watch. [ man ] it's big. supports in times of need. same with aladdin. the biggest in bail. no one has lower prices, is faster or more professional. aladdin bail bonds. bigger because we're better. Ñáçwçñ aladdin bail bonds. >>> a sink hole swallowed three cars in a chicago neighborhood. it fell all the way to the bottom of the hole. one person had to be pulled out and was taken to the hospital with a minor head jeer. the owner -- injury. the owner of the car was just about to get into i
, such as reading france updates. facebook says that is bringing it chat head feature to its apple apps . it is called sad head because france profile photographs pop up when they send you a message very sad head is part of a broader integration that facebook is doing with a new home app on some of running google android operating system. >> as americans rush to donate to the victims' on monday's boston marathon bombing, a watchdog groups are warning of potential on line scanners already looking to profit from the tragedy. within hours of the bombing, dozens of website domain names reference in the bombing or registered. to avoid being scanned, experts caution dollars should look first at the low status national or regional charities were promoting relief efforts. also most states require charities to register with a sedative for soliciting for donations. >> and the weather. a little really uncalled for some. we have a nice warm up to look for to heading into the back half of the week into the weekend. we have erica with a full look at your forecast coming you kids should count yourselv
reported signing up $2 million more customers for the screaming service. >>> apple is scheduled to announce its quart terly earnings after the -- quarterly earnings after the bell. they are expecting lower profits. that's the first time in a decade they would shrink. right now, the stock is up 1% to $403. >>> twitter has signed its biggest ad deal yet. the agreement is reported to be worth hundreds of millions of dollars over several years. starcom, coca-cola and microsoft. analysts say the deal shows twitter is the bridge to tv audiences. google will bring new information right to your desktop. there is a new service called google now that tries to answer questions before you ask them. there's it could tell you a different way to drive home because traffic is bad on your usual route at the time you are scheduled to leave. >>> also this morning, a new sign, the housing market is getting stronger. the commerce department says sales of new single family homes went up 1.5% in march. seas jumped 18% higher than during march of last year. the national average price almost 7% between february and
. plain extraordinary." >> amendment at 5:23. you may soon be able to buy a low cost cell phone from apple. they could sell up to 75 million low cost phones next year. they have not confirmed it maps to do so. >> a bill banning voice activated texting has passed the transportation committee undoing legislation passed last year allowing hand's free texting but an asex bringman says the new information is that the texting is just as distracting to drivers as regular texting. >> beef prices are at an all-time high. >> here is jane king with the bloomberg business report. >> beef prices are going up, and the composite retail price on beef cuts including choice beef and hamburger climbed to an all-time high of $4.92 a pound in march up 5 percent from a year ago. commodities experts say watch for demand to grow as the summer barbecue season heats up. set back if yahoo turn around efforts and the c.e.o., with a drop in key advertising business as rivals google and facebook gain ground. we had a higher close for stocks after a stronger than expected report on new home construction. forget rock cli
130 yesterday and now down 68 this morning. watching apple's stock, apple at the $400 mark and down 758 a share. somomg,g, stop. jack, your new chipotle chicken club is craze amaze. annnd chipotle is totes trending. spspicicy crispy chicken, hicky smoked bacon,on memeltlting cheese, and smoky chipotle sauce plus fries anand d a drink for $4.99? tht combo is chipot-cray. anand d chipotle is my hashtag faveflave. lelet t me guess-you're the nw social media intern.nt yeyeahah! grgreaeat. i'm late for a mee. can you make some copies? .....w.with the tanning bede "the"tre are a some people who say it's the best yogurt they've ever tasted. and there are some people who haven't tasted it yet.t. delicious, nonfat, authenticic delicgreek strained yogurt.cic extraordinary fruit flavors.s. the fage total split cup. the fplain extraordinary." >> welcome back, we're tracking a major hot spot with a monster is back up on interstate 580 in the westbound direction. ec live video from the scene, the two right lanes remain blocked as we await a caltrans sweeper to pick up this. this is left over from
at the moment. intel down over 1%. apple having a rough go in the early going. its shares are down 2.25%. speculation i have had many sales in the current quarter may fall off until the next product refresh. back to you guys. >> thank you, jason brooks. >>> million-dollar video ads are coming to your facebook page this summer. the menlo park company hasn't released much details. the company execs who heard the pitch from facebook says the ads will be costly. the ads will be no longer than 15 seconds long and users will not encounter them more than 3 times a day. at first the ads will appear on facebook's desktop version. >> could be annoying. three times a day. >>> time now for a look at what's coming up a little later on "cbs this morning." >> gayle king joins us now live in new york with more on the big show. good morning. >> reporter: good morning, frank and elizabeth. frank, did you just say something about menlo park? >> i did. isn't that your hometown? >> i was going to say i went to menlo atherton high school, mighty bears, class of 1972. >> bay area girl, as well. >> love th
at santa clara. and at the home of apple computer in cupertino, 83 degrees. 68 at pacifica. 80 at redwood city. out in the tri-valley area we'll still deal with low to mid-80s. 58 degrees up at walnut creek and napa, 84 degrees after today's 91 at downtown napa. 82 for santa rosa and 64 degrees over at bodega bay. 65 at stinson beach and marin county. as we look ahead, it looks good. tuesday still warm, wednesday look inland only gets to 79 degrees on wednesday. and then look at thursday. thursday is just 70 degrees. so inland is cooling down and e ek'll warm upjust a but back nt temperatures unless you don't like temperatures in the mid-70s. but we have already covered that. temperatures will be in the mid- 60s along the shoreline and low clouds will be filling in beginning tuesday night and wednesday night in the bay area. so send in the clouds! and the cooler temperatures. and that sports guy is up in a minute. [ male announcer ] fact: the 100% electric nissan leaf... is more fun than ever. sees better than ever. ♪ charges faster. and will char. cool. and heat. fr your phone. good fo
tragedy, the state of virginia is pausing dollars to victims from apple 16th, 2007. that is late 22 year- old college student on a shooting spree at the campus in blacksburg 32 bit support given the gunman took a long life. it is considered the deadly shooting rampage in modern u.s history. >> we will continue team coverage of the attack at the boston marathon were three people were killed and more than 150 people are injured. we're live in boston we will have all the angles that affect you in the bay area as well. even down to the commute this morning. we will be right back. >> we continue to monitor the latest informations on our top story devastation boston. two bombs going off 100 yds in 10 seconds apart near the finish line of the boston marathon. >> the very latest numbers we have an kron 4 news 3 killed including an 8 year- old boy was watching his father run the race. his mother and sister seriously injured. 150 people injured. >> at the youngest three years old. >> there's been no claim of responsibility for the bombing. overnight we have video of law-enforcement officers search
for you on this tuesday apple succinct. three people are dead including an 8 year-old and 176 are hurt this morning after two bombs exploded near the finish line of the boston marathon. president obamas said those responsible will feel the full weight of justice. the fbi is taking charge of the crow investigation. right now they say there is no motive and there's no one in custody. >> meanwhile back in the bay area, security and law enforcement officials are stepping up patrols on the airport to public transportation, if you're out and about stand there expect to see at least as is everywhere. >> witnesses describe some of the injured lost limbs in the boston marathon explosions. one man was covered with the evidence of yesterday's attacks. >> my pants, a close. >> showing the flag?. the flag i was holding the whole time and this is how the flag ended up covering the blood of all the victims terry >> there were thousands.. >> if there were thousands of people running the marathon or watching it when the bombs went off. >> the deadly blast knocked runners off their feed and triggered m
in antioch. 74 for san leandro. upper 60s for richmond. downtown san francisco. 80 in apple. cool along the coastline. 63 in daly city 61 and ocean beach. >> looking at satellite and radar it is quiet around the area as high pressure builds in over the northern part of our state. we do have a weak system not bringing any rain to us. that is affecting the pacific northwest. we have cloud cover streaming in. you concede that on satellite. we will see a mix of sun and clouds for some spots. temperatures could be slightly cooler along the coastline in a mthe north bay. >> dry weather continues in to the middle of next week. >> george. >> taken erica we're tracking a couple of hot spots the first in walnut creekhot680 the southbound direction. traffic has been backing up because of a motorcycle accident that occurred at north main street. the accident is out of the way but the traffic is still heavy from 242 and interstate 680 . there are delays on the lower peninsula. palo alto, willow leading to 237 on the connector ramp an accident as the ramp shut down. a piece of heavy equipment was bei
deangel loss is there. >> good morning. all eyes on apple ahead of its earnings report this afternoon. the concern is that the company could say it saw a sharp drop in iphone sales. the stock taking a big beating down nearly 45% since its peak last september. meantime, netflix is another one to keep an eye on. the on demand movie streaming site reporting a gain of 2 million u.s. subscriber. that's sending the stocks soaring in after hour sessions. >> jackie with the new york stock exchange, thanks. >>> a terrifying moment in celina, kansas, where a woman walked into a bathroom at the circus, closed the door, and then she came face to face with a tiger two feet away from her. this is video when the massive feline escaped during its performance. then when the woman was in the bathroom with the tiger, she stayed calm. she was able to exit and alerted workers who then recaptured the animal. the woman's 3-year-old daughter meanwhile had only one concern about that hair racing incident. she wanted to know if the tiger washed its hands before leaving the bathroom, its paws. >> that's like a
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